SEC Form D Coverage: Trendkite $16.63 million Financing. Erik Huddleston Published Nov 10 Form D

Technology Trendkite Inc. - Erik Huddleston

Trendkite Financing

Trendkite Inc., Corporation just submitted form D about $16.63 million equity financing. This is a new filing. Trendkite was able to fundraise $16.63 million. That is 100.00% of the offering. The total financing amount was $16.63 million. The form was filed on 2016-11-10. The reason for the financing was: unspecified.

Trendkite is based in Texas. The firm’s business is Other Technology. The D form was signed by Erik Huddleston CEO. The company was incorporated in 2013. The filler’s address is: 800 Brazos St., Suite 340, Austin, Tx, Texas, 78701. Erik Huddleston is the related person in the form and it has address: 800 Brazos Street, Suite 340, Austin, Tx, Texas, 78701. Link to Trendkite Filing: 000165779116000003.

Analysis of Trendkite Offering

On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Trendkite sold 100.00% of the offering. Could this mean that the trust in Trendkite is high? The average investment floor size for companies in the Other Technology industry is $1.54 million. The total amount raised is 979.87% bigger than the average for companies in the Other Technology sector. The minimum investment for this offering is set at $0. If you know more about the reasons for the financing, please comment below.

What is Form D? What It Is Used For

Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.

Why Fundraising Reporting Is Good For Trendkite Also

The Form D signed by Erik Huddleston might help Trendkite Inc.’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.

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